Businessman RK Nanda reportedly formed a benami firm under the name of Media Exim Pvt Ltd at the behest of Michel along with another businessman JB Subramaniyam.

Media Exim was a shell company, which was used to route and re-route money that was coming from various souces. This money was then used to buy immovable properties and to pay off for dealings that were initiated by Michel. They bought assets worth crores.

According to documents, Michel was last seen in India in September 2012 and then he moved to Dubai.

Rebutting Sanjeev Tyagi's claims that he has nothing to do with Michel, the report also indicates at the possible link between them.

According to Narayan Bahadur, who served as driver to Michel, he was once asked to ‘pick up 3 friends from Hotel Hyatt to a Bungalow at Sainik Farm, where a function was going on.’ He also mentioned one ‘Indian’ coming out to receive those three friends of Christian Michel in 2008. When Bahadur was asked to choose from several photos who that ‘Indian’ was, he picked the photograph of Sanjeev Tyagi.